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and focus year 2013 and fourteen. >> out of 4 thousand deficit the plan. >> thank you very much mr. clerk. i call these items a few weeks ago after our 6 week report came out but we are going to see some structural issues moving forward and i'm sure it's going to be a topic of the committee for weeks to come. i want to thank mr. wagner and invite barb garcia >> first thank you for hearing the hearing today, we're going to be challenged this year but also internal and external deficits. so after the first 6 years the department faced large deficits that included both on costs of doing business for the department. for the majority of those proomz we were able to cover some costs and the board of supervisors have continued to be incredible supporters. but we still carry a deficit that was driven by labor costs. during this time we faced reductions and eliminations of programs. so to provide you with a few details for it does cost the department the one 20 and $30 million just to stay the same and those costs are due to pharmacy and medical supplies. those historical deficits prancing from 1
month report. the major causes of the deficit for the department are several. we have a significant loss revenue. we had about $16.2 million budgeted, assuming we would get an enhanced mental health reimbursement through a program pending with the federal government for several years. that was, once again, delayed. so we have a revenue deficit in our budget. we also have weakness in our patient revenues, primarily due to the transition of seniors and persons with disabilities from a fee-for-service reimbursement model to a managed care reimbursement. the impact of that is about $19 million. and then of course at the same time we have our historical structural problem, which is the difference between our budgeted and actual expenditures, primarily on salaries. that amount has grown, and we have not been able to keep pace with our revenues to make up the difference. just a brief update on where we are, the number in the controller's six month financial report was 45.9 million. that was the projected deficit. we have been working since the first quarter financial report to try to bring
appropriation based on our current year deficit for the department of public health. as you all know, we were here last week, and discussed in some depth the history behind our financial challenges, and some of the issues that we have been working with. so i won't revisit all of that. but i'm happy to discuss it further, if you would like. so we'll go through very briefly where we are on overview of the request to end the budget and legislative analyst recommendation. just as context, we have, in the department of public health, a 1.67 billion dollar annual operating budget. of that budget, about $1.2 billion is revenue brought in by the department through patient revenues, grants, other funding sources, and the remainder is general fund. our current year general fund deficit is $31.2 million. this is an updated projection, as also discussed last week, compared to the controller's six month report. the major causes of the deficit for the department are several. we have a significant loss revenue. we had about $16.2 million budgeted, assuming we would get an enhanced mental health reimbursemen
, to bring this structural deficit down so that we don't have to keep coming back before this committee, year after year, asking for a supplemental appropriation of this size. >> supervisor wiener: in terms of the numbers, you indicated about -- i think you said 45 or 46 million. on page -- early in the report, i guess page 4 of the presentation, it states that the current deficit of 341.2 -- 31.2 million is comprised of 16.2 million of delayed approval of reimbursement program. is that a recurring issue, or is that one time? >> that's a one-time revenue. and so there's a portion of it that's ongoing that we do expect to receive. this is retroactive payment for -- that we anticipated for prior years as a catch-up. so that the bulk of that would be a one-time solution. >> supervisor wiener: and then the second bullet, revenue weakness relating to the transition of seniors and persons with disabilities to manage care reimbursement, 19 million, is that recurring? >> that's a recurring revenue. >> supervisor wiener: so that 19 million is part of the ongoing structural deficit? >> yeah. that is pa
in tax revenues. congress introduced tax cuts that caused the deficit to grow and we had federal government spending -- the newest spending that was -- stimulus spending that was higher than was the case before the recession. >> the recession hit and the debt skyrocketed. what caused the debt to reach a high point russia mark >> -- to reach a high point? >> the american people. we want welfare spending. we won all of the spending of the government spending and we do not want to pay the bill. >> this is like going to the mall with your dad's credit card. it is fun. you go shopping. maybe there are limitations, but in the end you are not the one paying. you have to think of it differently. you are going to the mall with your grandchild's credit card. that is what we are doing with the federal government. we are making these promises to provide programs and benefit that the public demands. we are passing that will two generations. in the their involvement decision process. at itsust attack it core, the largest spending problems. >> the largest spending is in the tax code. we give m
out from a private school because he's achieved scholarship was cut due to -- in order deficit. so at least if we're doing something i'm really wishing and hoamg that san francisco will take ownership and leadership of this project, and be the leader to -- up with other counties. so hopefully we'll get down to this and find out how much was due back to the city. because i'm tired of the continuing to pay back as i have nothing to give back to the city anymore. and also, want to know that the bank not double dipping. they have been triple dipping us. first is the interest from the loan, the swap. secondly as the foreclosers and also the bank has been charging us penalties for being late, and also the increasing our interest, to -- interest rate and also late fee. so the banks are double dipping us for too many years. it is time to put a stop to it and get back what is due back to us. thank you. >> supervisor avalos: thank you. next speaker please. i recognize former supervisor chris daly. >> thank you, supervisors. my name is chris daly, i'm the political director of sciu local and
deficit because we in some ways have to by i don't see any long term solution i don't want to continue this pattern. i'm trying to understand where's the most aggressive action to address this issue? >> part of what we're trying to communicate here is we're on the same page it is not sustainable and it's time to reset the way we do things because if present trends continue we go want to be here creating a large hole in the fund every year. as to your point about the concrete plan you will see a concrete plan in the budget. we're working very closely with the mayor's office and internally with the departments. and so in very short orders there will be a set of concrete paroles. we want to be able to look out over the next 5 years we're comfortable in operating in ways that the city's general fund is going to be sustainable in the larger projections for the city's general fund and we're commented to working. >> in this chart it shows for focus year 2013 it shows special i'm i read this right? >> a proposed $37 million special which drops in 2015 to $2.2 million which is never i guess
fund so it's in some ways possibly going to cover the potential deficit of the general fund that we're dealing with today? >> yeah. if these payments were to come in, it would reduce the amount of general fund needed for the department. and i don't want to -- i want to be careful not to overset expectations because these are dollars that we don't have in our hands, and we've only really got three months left of the fiscal year. but, absolutely, if they do come in that would reduce our general fund draw, and we would be very happy if that was the case. >> supervisor mar: and i'm appreciative of supervisor wiener's questions about the structural problem since 2009. in the budget and legislative analyst report on page 8, mr. rose and his staff make reference to the process that the health commission is going to go through within the next two months to have public hearings on suggestions and policy directions for the the department so that we can correct the structural deficit for the future. in those two months, it looks like it's the health commission but also these hearings that inpu
pipe hive and so we begin here with this graph the federal budget surplot plus or deficit. obviously it's been some time since we have run anything like a significant budget surplus we went into the recession carrying a farrell substantial deficit and obviously that really ballooned and got much much worse and what we are facing now are really the biggest bulletin deficits that the united states economy has faced since the second world war we are moving in the right direction it's getling smogger and it's still a farrell daunting challenge and this is what was westbound bend the whole fiscal cliff last year and we ended up with an 11th hour deal to avoid the worst of the fiscal live kcliff and i'm not going to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march 1
deficit and in role of health care causing the deficit which will not be tolerated for much longer. we are at a fork in the road and are facing tough tresses. this is continue to mount and deficits continue to mount. choice wee face - the face is between rationing and re-engineering. that is not ultimately is solution because it leads to a different kind of on sustainability. that is inadequate health care benefits for most americans. the other option is to re- engineer health care. payment reform is fundamental to that. to do thepossible right thing. , if you will,way through the forest that enables .reativity to thrive the affordable care act has made major progress in that regard. the tool kit of reform is full. master of many of these tools. this it on his desk for the most part. they are numerous, maybe even too numerous and it is his job to sort through them and figure which words of which doesn't carry him reform will be more than critical elements of in this tool box. fund took a crack at thinking about the cost problem. and issued a report a few weeks ago called confronting co
that we can address these economic challenges that we face to do the deficit reduction in a way that does not make it difficult to come out of the recession. >> rose: do you think these presidential dinners have made a difference? >> i think they can make a difference. providing people go into it with a determination to find solutions. but the bottom line, i believe, is that in order to address the deficit situation that we have at the same time, we stimulate a recovery, we're going to have to do the deficit reduction in a comprehensive, in a balanced way. the word that we use here freqntly. and th means that three parts are going to have to all be there together. you're going to have to have some targeted spending cuts. not the kind that we had during the so-called sequestration fiasco but targeted, prioritized, spending. you're going to have to do something on entitlement reformment and here's where the republicans are so far being unwilling to add any part of the third piece which is additional revenues. that's where i think i can make a contribution, charlie. because i'm chairman of t
$1 trillion deficits are going to be $1.50 trillion deficits. thank you very much. host: let me throw something. the president mentioned an infrastructure bank in his proposal. here is one tweet -- what are your thoughts? a man in theave presidency who does not know what his job is. his job is to run the government efficiently. he is not running the government efficiently. he spends an waste all of our time and money talking to us, let train us what we should do. we do not need a lock box. we need the government to get out of the road business. all of the roads are in a state. the money to the state. let the states spend money on their own roads. i live in pennsylvania. on our line for independents. go ahead, george. caller: i would also like to comment on the issues you raised this morning. for 10 years for a company that was non-union. they had put me to work on federal and state and city roads, school systems, hospitals, etc.. for thisas working noticular company, i was unionized. they weret to me, putting me under, they were running a split shop. the owner of one company had his t
, if there was not this deficit in salaries and overtime, then those revenues would cause the general fund to have -- to need less general fund in next year's budget. so it's -- the bottom line is this is a deficit. and fortunately, there are revenues that can help pay for this. but if they didn't have the deficit, those revenues would fund next year's budget. on page 4 of our report we pointed out the proposed supplemental would appropriate, as has been pointed out, $12.7 million from the state revenue loss in general fund reserves and that's shown in table 1, page 3 of our report. i know the supervisors know this but there are two additional sup premental appropriations pending before the board of supervisors, the public defender's office, 751312 and the sheriff's department 3,458.970. if the board approves it the state revenue loss reserve lch no balance and the general fund reserve will have a remaining balance of 21.3 million. on page 7 of our report, as has been discussed by the committee, fiscal year 09-10 through 12-13 the department of public health's budget for both hospitals, san francisco general and
. and that's about the deficit. $16.5 trillion we have. >> that is a number that is so mind-boggling. that's why i said if you counted one number, one number per second, it would take you 507,000 years. more than half a million years. it's a number that's just staggering and it's continuing to grow. you know, we sit around and we talk about maybe we can keep it from growing further. we need to reduce it. and the way to reduce it obviously is to get the economy growing again. you know, it doesn't really do any good to keep taking from this tree or that tree and squeezing it down. you know, i talked -- i like parables so in the book i give a parable of two identical brothers. they are put on deserted islands with their families. one had the philosophy -- they only ate trees and products of trees. one had the philosophy i'm going to eat what i need and i'm going to let the others grow. pretty soon he had an entire forest and another enough food for everyone. the other, as soon as a sampling came up he was on it and was eating it, and he and his family eventually starved to death. basically th
about about the fiscal deficit and the fact the government is spending more than it's taking in and the deficit has become the focal point of all of the economic, this whole crisis about the fiscal cliff now and we are talking about these automatic cuts, the so-called sequester social spending and military spending. so we are not only talking about the fact that what are the tools the government has to promote our return to something like a decent level of employment opportunity and decent wages that isn't even the main discussion so the first thing we need to do is shift the discussion. the fiscal deficit i will say is relatively large starkly but the reason it is largest precisely because we have had the recession when the recession hit that meant people's incomes went down and when their incomes went down that is how much they pay in taxes. to counteract the magnitude of the financial press created by wall street, so that's why we have a big deficit so the point is even with the deficit we do not have a fiscal crisis today we do not have anything to a fiscal crisis and i w
would call it deficits. and for the last four years, there's been boatloads. and after all of that, we get a jobs number like this. and the discussions are still that something politically created like the sequester was never supposed to fall into place, because the democrats thought the republicans would cave on defense, and they made it messy, that something like that could actually derail a 15.5, $16 trillion economy. what that says to me in english is, our economy is a lot weaker than people think. and as far as interest rates being right or wrong, i think they're mostly right. but keep in mind, we forget something. that we have weak china, we have weak japan, we have weak europe. we have a fed that isn't only pushing stocks up by its programs, but it's buying treasuries and it owns a lot of treasuries. so in the little real movement we have in interest rates on a day like today, i think you could really see that interest rates haven't gone up, partially for all those reasons, because it's just too weak out there. and it isn't just the u.s. and we can't decouple, maria. we can't go
think in our society. >> absolutely. the president's plan is serious about deficit reduction as you know. nearly 80% of the president's savings comes through spending cuts, producing $1.8 trillion in deficit reduction over ten years. $4.3 trillion in total deficit reduction since 2010. the fact that republicans reject it proves they're not serious about what they claim is their most passionate purpose which is deficit reduction. >> well, that's exactly right. and also, you know, the ryan budget has, its goal is deficit reduction or elimination in ten years. it won't accomplish -- >> congressman, let's not even reference that pile of cack. that wouldn't achieve anything. >> that's right. the point is the budget has to deal with income inequality. the shrinking middle class. the crumbling infrastructure. >> that's right. >> the weakening educational system we have in this country. >> that's right. >> and the president is reiterating that over and over again, and actually there's a struggle here about whether the budget is going to be used as something as proactive in pro-growth, with some
is not the president's ideal plan but is an effort to spark a compromise deficit deal. but congressional republicans, including house speaker john boehner say no way. they're already blasting the whole thing, and the president could face an even tougher time selling the social security changes to some of the liberal members of congress, members of his own party, wendell is live. seems like the president is trying to position himself as the voice of reason? >> i think so greg. it's continue with his new term offensive. the budget will be released next wednesday, and that night the president will host another dozen republicannan senators for dinner. the spending plan calls for half the tax hikes of the house plan. the senate budget has none. aides athis is a reasonable compromise. >> this is not the president's ideal budget. it's not what he would do if he were king or only people who supported his proposals were in congress. its what he believes is a fair and balanced approach to the deficit challenge. >> the white house says the burden of cutting the deficit falls on the backs of the poor and middle
plans to reduce the deficit by almost 2 trillion through a balanced approach to spending cuts, intel now reform, and, of course, raising taxes on the wealthy. the details, the very same day the congressional budget office announced that the current deficit for the first half of the fiscal year came in at $601 billion. the president's budget will be released on wednesday. fox news chief white house correspondent ed henry has more in this report. >> president obama has finally brought all sides together over a budget. the left apoplectic over cuts and the right furious about more tax increases. even his own aides suggest he is not sure about the plan. >> not what he would do if he were king or only people who supported his proposal or in congress. it is what he believes is a fair and balanced approach to a deficit challenge. >> the new budget is built around the president's final offer a republican speaker walked away from in the fiscal cliff talks. though he quickly noted today, in the end of the president got his tax hikes on the wealthy with no corresponding spending cuts. at some point
and i've been focused specifically on the deficit and the debt and entitlement programs and he sat there going, i can't believe i did this to myself. i can't believe i took myself off the playing field at this criminal ti critical time. he is back on it and the issue is even bigger. >> we will be following that and talking to him this morning. certainly should be fascinating. >>> we have new polling out. for the first time ever, "morning joe" has teamed up with merist on the biggest issues facing the country. the poll finds 53% said it was more important to gun laws than gun rights. 44% sided with gun rights. 6 our 10 say gun laws soo should be stricter and 33% say gun laws should stay the way they are. more people oppose assault weapons ban. 87% support the idea for private sales and for gun shows. >> you go inside the numbers, john heilemann, though. 87% support background checks. we have asia hutchinson we will be talking about a little bit with the nra saying that is a possibility, background checks for individuals is a possibility. but you look at like assault weapon ban at 60
and tax expenditures and apply it to deficit reduction. >> i think you're right. >> we can do this while we still invest in the future, but you're right, just what you said. you know, you're not going to get this compromise unless everybody's willing to give, everybody's willing to show a little courage and a little compromise and the president's leading by doing so. >> i can follow this, gene, pretty much through having worked on the senate budget committee. i see it getting probably through the senate. you've got enough votes to get it through, i think. then i can see it getting to the house then i see paul ryan carving up his ayn rand theories. if you do the right thing, get it through the senate but in the end the budget process proceeds through may and perhaps into june, you end up having a log jam on the other side. what happens then? what happens then? >> well, let me make a couple points. number one, we were very close with speaker boehner last fall. let's remember, he had $1 trillion of revenues on the table as part of a deal with serious entitlement savings. he's pulled that ba
-term to boost economic growth and touch on long-term deficit reduction and structural reform. >> no one seems to recognize or very few people we have been in austerity mode for several years, a deficit of did 1.4 trillion to what the budget office things will be 180. >> that's a $600 billion reduction in economic provided provided by the federal government and corporations aren't spending, consumers aren't spending state and local governments aren't spending and trade isn't helping at all. so that's why the job situation, and i mean so you can be happy about the stockmarket but the policy response is zero. >> it will be interesting, too if you looked back at the news stories from the summer of twooefb when they were debating the public or the budget control act because if you work for a foreign news wire and they referred to it as austerity mezof yours and i don't know if you saw that in "the new york times," in the washington post in major u.s. news. >> i was writing for roll call and i didn't see it. >> i am going to ask you stan so what impact? the stories tod
in spending. >> there's a concern amongst many members on the republican side with the debt and the deficit and after adding at least in the view of many of them an additional $4 trillion based on the package that was passed to bring another $60 billion in this context -- the problem is disaster relief has traditionally been immune from the stachb partisan politics. yet for the first time in modern american history it was injected. >> fran, i want to get your perspective on this because you're still not in your house, right? >> i'm not in my house. >> you're house flooded during hurricane sandy. how did you respond watching this whole thing go down? >> it's very disheartening. you know, everyone in government constantly tells us, reaches out to us especially right after the storm to say we're there for you, we're going to do everything we can to help you and here we are at day 68 and we have not received anything from our insurance companies. we've had all our adjusters come out. but now we're watching our government officials say it doesn't matter if there's not enough money to pay your cl
to deficit reduction within our own context. the sequester will be a further 5% reduction in our funding. it hurts, but we understand that we have got to be fidgeting to the solution. solution.contributing to the >> everyone points to the point that mitt romney made in his campaign, i love the bird, but i will cut your funding because of the crisis with the deficit the u.s. is currently facing. -- he hadr romney his facts wrong if i could put it bluntly. has beentreet" remarkably successful in generating private funding and going global and sore fo forth. it is not a matter the government sustaining "sesame street." it is about whether "sesame street" can reach every american home. 90 milliones the preschool students we have been able to get ready to learn over the last 40 years. innerf them are from cities and rural america and so forth. getting them ready with language skills and math skills is made asame street" difference and getting students ready for success in school and in life. it is not a matter of putting cornflake commercials on sesame street. that is not the point at all eri
're there for. look what chicago faces, two things, one, they say they face a billion dollars deficit. what was their solution, i quote, consolidating underuniversitylized schools will allow us to safely move these children to a higher performing, welcoming school near their home with all the investments they need to thrive in the classroom. how can you say that and the billion dollar deficit and then say the teachers are looking out for the kids? no, the teachers are looking out for themselves. >> brenda: toby, this all comes down to money, isn't it? >> it is money, but also demographics, they've had an outflow of people in the areas and citizens who live in the areas, number one. number two, they've had 20 or 30,000 kids leave the public school where they have charter systems and so they're actually dropping a population of students and exodus of people to better schools and out of the area are why they're closing the schools and they're upside down a llion dollars. it's not about the kids. >> brenda: julian, your take? >> i agree with john layfield on the merit-based system and the union
to replace investigators because we start at the beginning of the year with a 6 figure deficit. we haven't expanded any programs and we're taking on more responsibility. and so what i'm asking the board to do is work with our office. i've only come here twice asking for supplemental. so we could keep our staff to stay on. it cost your city $4.3 million. and this is not a threat. >> you make because of our resources agenda in our office. i don't agree the post defender has an incredible responsibility but to suggest that the da is going to say oh, we're not going to prosecute those cases because we don't have enough staff? >> each of those 3 law offices is technique and that includes managing the arouses and the public defender makes decisions you're the boss but to come in and say we're going to swamp our budget because we inside to. >> i made it clear from the very beginning that i'm not going to provide substandard representation. i'm not going to say we're going to do that without investigative support. we've got a caseload of every one of our attorneys we've done the same thing fo
: that would put us in good shape long term. get the budget deficit down to a level where the growth in the debt essentially levels off and it is at a level where as a percentage of the whole economy is considered to be sustainable. right now we're on track to become an italy and that is to have a debt that is too big and have bond holders lose confidence. host: how do you get to a grand bargain, what do you cut? guest: the only way is to do omething about the growth of entitlement spending. doing something about medicaid and medicare which obama care has apparently not accomplished. host: what does a grand bargain look like to you? guest: spending cuts. that will be on medicaid and ked care and the social security side s. entitlements, that's the bargain. we've shown through sequestration that appropriations, defense, domestic spending can be cut or at least will be cut. what we haven't shown is any willing tons combine tax increases and entitlement cuts in a meaningful way. the president says he wants it. it's hard for me to see how the politics have change sod much that because so
contribution to deficit reduction and retiring the federal debt within our own context, and the sequester will be a further 5% reduction in our funding, and it hurts but we understand we have to be contributors to the solution, and so we have saluted smartly and taken our medicine with everybody else. but it will hurt. >> host: what about when it comes to the point mitt romney was making in the campaign. i love big bird but i'm going to cut your funding. because of the budget crisis that the u.s. and the deficit the u.s. is currently facing. >> guest: well, governor romney was just -- he had his facts wrong, if i can put it bluntly. sesame street receives next to no federal funding to begin with. they have been remarkably successful in generating private funding, and going global and so forth. so, it's not a matter of the federal government sustaining sesame street. what the federal government does is to sustain the distribution system over which sesame street can reach every american home, and that includes the 90 million -- 90 million -- preschool students we have been able to get ready
at a time when the current account deficit is up? >> in fact, both goes hand in hand. it's because the current account deficit is high we are to redouble our efforts to attract foreign investment. example, last year, we have nearly 6 billion dollars of fdi. i said yesterday that india can easily absorb $50 billion a year, fdi aloep. over and above that, we have foreign institution investment. and to the extent of you on companies can bottle abroad, we encourage them to borrow what we call the extent of commercial borrowing. so i think the fact that we have a large current account deficit compels us to create a regime that is friendly and attackive to foreign industry. >> in some ways parallel with japan, they tried to re-engineer the value of the currency. and to some extent, successfully over the last several months. is this an option? is there more option for india at this time? >> well, i think depreciating the currency is not the first option. the japanese situation, as i understand it, is very different. you've had a trade surplus of many, many years. it's only last year, i th
accumulating deficits. >> another month of stet steady job gains are seen boosting the u.s. economy even if washington plans to tighten its belt with further budget cuts. >>> and the european stocks hit a one-month low. >> plus, samsung is forecasting a 50% profit jump for the first quarter. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. now, it may be easter week, but there's enough for you to look at. >> enough view? >> enough for you. >> enough for me to look at? >> yes. >> what do you mean? >> volatility, there's -- >> oh, i see. plenty going on. it's very busy. for a short week, it's felt like one of the longest weeks, despite the fact that it's only been four days. look at some of the trading session charts. >> 32 to 65 yield range day. >> especially when you have a yield that's that low. it magnifies what we're talking about. >> let's remind you of what is on today's show. plenty to get to. we'll speak about the ongoing fiscal crisis in italy. she says a return to the polls in the coming months is now likely. >>
. it would cut the deficit $1.8 trillion. there are cuts to social security and medicare. it's a big day for jc penney. they are launching the first of their home goods boutiques including martha stewart products. it's pivotal to turn around efforts. >>> what do you get when you pump $1.5 trillion into the world's economy? the nikkei went above 13,000. the index is up. back home, mark zuckerberg unveiled the latest offering, facebook home, a collection of apps to replace your android home screen. the chairman of the board at hughlet packard are stepping down. >>> the ceo of enron may get out of jail early. he has six of a 24 year sentence for con spearty, fraud and insider training. >>> artificial technology is available to colleges nationwide that let's a computer do the grading for essays and short answers. >>> how about this junk food from pizza hut. it looks good there. if that is not your thing, folks in massachusetts can wrap their hands around dunkin' doughnuts glazed doughnut. yeah. the pork shop may soon be a thing of the past. say what? consumer research found labels on package
, a source at the white house says it is aimed at swaying republicans to compromise on a deficit reduction deal. the plan is expected to cut the deficit by 1.8 trillion dollars over 10 years. >>> garbage workers in six bay area cities have walked off the job in support of striking union members in indiana and ohio. >>> the teamsters union members are picketing yesterday and today against allied waste but not calling the local move a strike. does it though mean thursday and friday garbage collection in daily city, and those other cities will be put off a week. >> we are here to send a message to the corporation that we are all together, we are 1.4 million teamsters and we will stand behind our people in the garbage business. >> the company says people whose trash is not picked up in daily city and colma, can bring it there and they can do that without a charge. >>> that leaked there around 9:30 last night and poured out from a pipe for six hours, cal water had to dig to find the source of the leak and cap it. crews say no property was damaged. >>> the u.s. department of interior has recomme
. rethink possible. dj is. >>> statistics on attention deficit hyperactivity disorder from the centers for disease control and prevention. >> reporter: i spoke with a mother, she said diagnosis and -- diagnosis was critical for her son. attention deficit hyperactivity disorder diagnose is up over the last decade. >> you really are going to get a strike in the diagnosis. >> reporter: she says 7% of high school boys have adhd but three times that get a diagnosis. pressured by parents, teachers, just to get medication. >> they want it for the competitive high schools. >> reporter: 2/3 of those diagnosed take medications, they increase the action of the centers in the brain. but the drugs do have serious side effects. >> if the dose gets too high people see things that aren't there, paranoia, stay up, sleep deprived. >> reporter: some children will sell their pills. >> kids get high off of them. that is not a good thing. >> reporter: he urges parents and teachers to tolerate a wider range. experts say a true diagnosis requires many hours but an accurat
on a deficit reduction deal. the plan is expected to cut the deficit by 1.8 trillion dollars over 10 years. >>> garbage workers in six bay area cities have walked off the job in support of striking union members in indiana and ohio. >>> the teamsters union members are picketing yesterday and today against allied waste but not calling the local move a strike. does it though mean thursday and friday garbage collection in daily city, and those other cities will be put off a week. >> we are here to send a message to the corporation that we are all together, we are 1.4 million teamsters and we will stand behind our people in the garbage business. >> the company says people whose trash is not picked up in daily city and colma, can bring it there and they can do that without a charge. >>> that leaked there around 9:30 last night and poured out from a pipe for six hours, cal water had to dig to find the source of the leak and cap it. crews say no property was damaged. >>> the u.s. department of interior has recommended removing 4 dams on the clamouth river. the
run into a deficit at the 2nd street project. if we work on the other funding sources for masonic, for example, the revenue bonds and cost reduction at a helps us get a little bit more towards the second street project but we also have to address the segment ability and the projects to be able to provide to the man sell project. that's what we are working on now. >> i want to reiterate a promise you made a few months ago that we intend to come to see you to fund all of those projects. the response has been very cooperative. the prop k update will help us a lot and a huge help is the masonic, the shear size of it is so big. the mta is aware of the size of it and hope we can find more funding. i hope we can spread the love around to receive the needed equity. >> great. i will hold you to that >> i did have a question. my understanding is that there is 2 million in transit planning funds that the mtc as granted to our planning department and wondering if we can request handout you the planning department is going to prioritize that? >> sure. the transportation authority is working on
the deficit right now but it will soon. because we'll have to take money out of the trust fund at a very high rate. and on an accounting basis it might not look that way. in reality touf come up with the money. but some of the things -- guest: question for you. guest: you are taking out more than you're putting in. that is a problem. guest: but is it also a problem we're only taxing people by taxing -- guest: you can solve the problem by raising the cap and that will give you a solution temporarily. but you cannot run a civilized society where people go to school until they're 25 and retire at 65 and live another 20 years. it doesn't work. guest: people don't retire at 65. guest: and social security isn't acknowledging that. it lets people take the pension whether they're retiring or not. guest: that's not social security that's congress. irgetsdz and what i'm getting at is that the solution there that the big elephant in the room that nobody wants to address is really generally raising the retirement age. and also, one of the things they've done in other countries is that they don't just ind
growth and not just the united states, fiscal deficits. about 3% of gdp. became more indebted. third world countries who use discipline to turn themselves around. the fiscal surpluses during that time. the country in particular, the story that really resonates. in 2008, again coming out of this record time of global growth between 2002 and 2007 experienced a boom due to a developing commodity prices, copper and particular. there is enormous pressure on the is trillion finance minister to spend the surplus to give it back to the people. he resisted that pressure. said no, this money is for rainy day. did not use his exact words, but that is what he said. of course read a financial crisis. in the deaths of the financial crisis in chile had socked away billions of dollars that allowed it to then enter a $4 billion tax cut to stimulate the economy to provide for a buffer exactly as we learned economics 101 called countercyclical fiscal policy. no more complicated than the story of the internet grasshopper. third world dance, first world grasshoppers. that's discipline. clarity. for clari
the ticket contribution to deficit reduction within our own context. >> the election is over the president has been elected and congress is sworn in and we have basically what we had before we spend $4 billion to have a the president remains elected a panda house and senate remained the same effectively we have gridlock we have variations on the new terms like sequestered they call this note that never came to this note questor the fiscal cliff they thought you jump off of now just the inability to find common ground so they go from crisis to crisis nothing in the election changed that and because we are divided the direction we should take is undecided and meanwhile the power of compounding is not our friend. the recovery is the weakest and has been in modern times, entitlement programs ever betty recognizes are literally unsustainable and growing in magnitude without change. our regulations are outdated, complex, costly and created way too much uncertainty. the education system does not help enough young people gain the power of knowledge to pursue their dreams as they see fit. the debt
year planning on april 10th. last week our finance budget person brought up our deficit. and we're looking at better times but we have to look at short term and long-term times and look to ways to grow our revenues. i hope we can adopt this by may first and hope to have your support on this and colleagues can we adopt this resolution? >> it's adopted. >> this is multi funding housing not to exceed 29 million for a multi rental housing project. >> this resolution is adapted. >> item 11 is an item as housing agency to the rae development agency to amend with broadway for the development and operation of affordable housing at 255 broadway and making findings. >> this resolution is adopted. item 12 >> it's providing for a sale of interests in the rights to receive rental payments to finance capital payments at the moscone center and this resolution is adopted. >> item 13 is a resolution finding that 12 thousand square feet is acceptable for the law liable at 1200 van ness boulevard. >> thank you president including this came up again last week was a bit of a contiguous group
. >> the original score came out as deficit neutral. but this new recall adds to a stake of paper, 20,000 pages tall. so this is going to be an additional expense, not just in the first ten years of obamacare but forever on out. the government accountability office says it will add $6.2 trillion to the national debt because of these. in 2010 the average health insurance sales job was $22 an hour. >> these navigators could earn up to 100,000 a more per year. let me ask you this. looks like they'll be going to the community activists and unions to hire these people. i'm saying, that looks fishy to me. >> i hopthere's no preferential treatment when it comes to hiring but these are jobs that month in the private sector. if we want to look at this from a 30,000-foot view, this is a clear indication that when every health insurance agent in the country is renamed a navigator and goes to work for the federal government, we have a government monopoly on the sale of health insurance, and it should be concerning for all of us who want a private exchange. >> obamacare creating jobs after all. thank you very mu
coming from 171-point deficit it down about 0 points. doesn't that show there is this unrelenting momentum for buy in this market? >> well, think it is certainly supportive, dave. to sugar coat today's number but at 80,000 but if you look over the trailing three months, it is 168,000. work week expanded a little bit. average hourly earnings were flattish. this in of itself is does not necessarily indicate a pattern but certainly it is worrisome. that said the bias seems for the moment for the market to work higher and very much in a show-me state relative to deterioration that some on the more bearish side are worried about. david: adolfo, let's get to the bearish news. job numbers, no way to sugar coat them. they were bad numbers. a down-tick in the overyou will unemployment rate because people left the workforce. you said don't expect the jobs market to do much better in the nerm near term. explain why. >> well, i think there will are two fundamental reasons. one is the short term and one is a longer term. short term there is still a lot of policy uncertainty that makes business
in the pentagon scheduled to take effect in march unless congress can agree on a broader deficit reduction package. president obama said if congress fails to agree on such a package as seems likely he wants to delay the cuts to give lawmakers even more time to hammer out a deal. >> if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would "rda" the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> on the same day the president spoke the congressional budget office issues -- issued its updated fiscal outlook for the next deck ate and confirmed what a vast body of empirical evidence has told us, austerity has been a considerable drag on growth saying growth, gdp will grow slowly in 2013 because of the fiscal tightening by the federal government that is scheduled to occur until federal law. without that tig
great district 11 really is. >> we are in our fifth year of major budget deficits. it is inevitable that we will make painful cuts. so how do we do it in a way that will minimize the impact on every day san franciscans? >> i really appreciate what you're doing here. you are a really patient gentleman, and i appreciate that. >> our parks are often cut first. how do we maintain our safety net, public health services, security services? all of these are critical decisions that have to be made. >> i have seen many people come forward today who i know whose lives have changed because of the services we are providing. that is something that we can be proud of and have a as a goal at the budget process to make sure that we can turn lives around and create a liveable communities. >> if we do not resolve the pension issue, we will have to cut. we will see fewer options for muni. we will see the parks deteriorate. i think the tide is rising. we have to figure out how to swim very quickly. >> to address these concerns, i have made a series of amendments to the resolution that capture the spiri
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